Regardless of how large or small your business happens to be, it’s important to take note of the forthcoming changes, shifts, and trends in today’s commercial and corporate landscape:
- According to an extensive university study, the yearly employee turnover rate across the UK is set to surpass 20% as workers are switching companies at an unprecedented rate.
- The median job tenure for workers between the ages of 25-34 has decreased by about 15% over the last decade. This target demographic now spends less than three years with a particular firm before moving on.
- After receiving their degrees, new college graduates will leave their first job posts in just over a year, usually due to a lack of upward mobility and personal enrichment.
- Recruiting, hiring, and training an entry-level employee now costs upwards of €2,900, marking a 28% rise from figures recorded in 2007.
- Replacing a salaried employee costs upwards of 200% of his or her annual income and even more when accounting for the various opportunity costs associated with getting the new hire up to speed.
Redefining Your In-House Retention Tactics
As you might imagine by now, the modern corporate arena has become a revolving door of sorts. Employees are coming and going with extraordinary frequency and businesses are spending incredible amounts of money on replacing talent instead of nurturing what they already have.
So if you’ve been struggling to retain your most integral workers and uphold a consistent on-site atmosphere, it’s in your best interests to allocate a portion of your recruitment budget towards targeted instruction, training, and coaching, especially if you rely heavily on your managers and administrators to normalise your day-to-day dealings.
With this notion in mind, a professional business management course is just the thing you need.
The Benefits of Partnering with a Reputable Training Consultant
If you schedule some short-term business management seminars for your workforce, you’ll be able to show your staff members that you actually care about their well-being, not to mention the fact that you’ll see a near-immediate boost in on-site productivity.
In this regard, the most distinguished local consulting firms pride themselves on facilitating enlightening and modernised courses that revolve around team building, personal development, leadership tactics, and instructive one-on-one coaching. So regardless of whether you operate in sales, manufacturing, retail, or any other sector, you’ll be able to provide your employees with the tools they need to take your company to the next level:
- Adherence to quality standards and best practices
- Goal-oriented project management
- Advanced administrative tactics
- Perceptive public relations skills
- Versatile sales strategies
- Efficient secretarial proficiencies
- Contemporary legal codifications
- Streamlined financial reporting and progressive accounting skills
- Technological training
- Up-to-date advertising techniques
Many of the most renowned consultants are actually former CEOs, sales superstars, marketing specialists, and expert accountants so you’ll be able to provide your staff with real-life, hands-on training courses guided by esteemed professionals who have truly been there and done that.
More often than not, some out-of-the-box thinking and personalised instruction can be the difference between losing your employees and confidently pushing forth into the next quarter as a cohesive unit; reach out to a highly-rated local consultant and begin establishing a robust training regimen for your workforce as soon as possible.
